Adidas shareholders launch class action lawsuit over Kanye West’s problematic behavior

Kanye West Yeezy shoes will benefit organisations fighting antisemitism.Last year, Adidas cut ties with West and his Yeezy brand after the rapper shared a string of hate-fuelled rants aimed at the Jewish community.“Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness,” said Adidas at the time.Earlier this month, Adidas’ CEO Bjørn Gulden said that the decision was “hurting” the business and revealed they would be selling the remaining stock [worth an estimated £960million], with proceeds set to be donated to the organisations “that help us and were harmed by what Ye said”.It’s now been confirmed that proceeds will go to “leading anti-hate organisation” The Anti-Defamation League which is the “global leader in combating antisemitism, countering extremism and battling bigotry wherever and whenever it happens”.The Philonise & Keeta Floyd Institute for Social Change, which was founded by George Floyd’s brother Philonise, will also receive money from the sale of Yeezys.

Nick Cannon attempted to reach out to Kanye West after he made antisemitic comments. Last year, the Stronger rapper hit headlines after he made a string of offensive remarks about Jewish people on social media and in interviews, leading to him becoming widely condemned and losing a series of sponsorships and partnerships. During a recent interview for the Los Angeles Times, Nick revealed that he tried to speak to Kanye when he first became embroiled in the controversy.

Is Kanye West seriously trying to revive his career after everything he’s done???

Kanye West has reportedly hired a new treasurer for his political team as he plots a second run for US president. The rapper, 45, who is still reeling from having his big-money fashion contracts pulled after his anti-Semitic outbursts last year, and his team are said to have brought on a man named Devin Anderson to replace Patrick Krason. Patrick resigned last week amid accusations of potential “unlawful” transactions, with RadarOnline.

British singer-songwriter Ed Sheeran on Tuesday defeated a second copyright lawsuit in federal court in Manhattan over similarities between his hit “Thinking Out Loud” and Marvin Gaye’s “Let’s Get It On.”

Kanye West is showing off his maybe-wife to the world — and he ain’t leaving much to our imaginations.

Kanye West and his wife Bianca Censori were spotted on a date night over the weekend.

OK, we already knew Kanye West‘s presidential aspirations were as shady as it gets… but this is getting WILD!

Kanye West's campaign treasurer has resigned amid fraud allegations. Patrick Krason - who has served as treasurer for the 45-year-old rapper's informal 2024 presidential campaign - informed the Federal Election Commission of his decision in a letter this week. He wrote: "I have notified the campaign of my resignation and they have been made aware of the requirement to name a new treasurer within 10 days.

A treasurer for Kanye West's political wing has stepped down from his position and sent a letter to West outlining a potential infraction of campaign finance laws, Politico reports. The allegation in Patrick Krason's letter of resignation to West is reportedly directed at Milo Yiannopoulos, the far-right media personality who took the top job at West's campaign last week, according to The Daily Beast.

Adidas is currently figuring out what to do with its stock of unsold Yeezy shoes worth $1.3 billion, Billboard reports. The company ended its association with Yeezy founder Kanye West after his spate of anti-Semitic comments in late 2022.

Adidas has a major Yeezy problem right now!

severed partnership with Kanye West and his Yeezy brand is “hurting” the business.Bjørn Gulden said that the loss of Yeezy is “of course hurting us”, particularly sales in North America, which have seen a 20 per cent loss. The Yeezy loss cut sales by €400m (£350million) in the first quarter of 2023.BBC News reports that, overall, total revenue fell by 1 per cent.It follows Adidas cutting ties with West after he made a series of remarks last year that were viewed as anti-Semitic.

Kanye West has reportedly opened a new Yeezy office in Los Angeles next door to a building owned by Adidas.West partnered with Adidas under the Yeezy banner in late 2013, with their first joint collection then debuting in 2015.Last year, Adidas ended its long-running partnership with West and Yeezy in October over the rapper’s string of antisemitic comments, with the brand calling his actions “unacceptable, hateful and dangerous”.Now, a post from fan site Donda Times appears to reveal that the new Yeezy office is located on Los Angeles’ Melrose Avenue, between Laurel and North Edinburgh streets.All that separates the new office from the Adidas building is a hairdressers.A post shared by HipHopDX (@hiphopdx)Back in February, Adidas warned of potential major profit losses after severing ties with West last year.Following a “thorough review”, it was confirmed that the brand would immediately stop production of its line of Yeezy products and halt payments to the artist and his companies.Adidas said that it was expected to take a hit of up to €250million (£217million) to its net income in 2022 as a result of the decision. Now, as BBC News reports, Adidas has published its financial guidance for 2023 in which the sports giant refers to “the significant adverse impact from not selling the existing [Yeezy] stock”.Last November, it was reported that Adidas’ chief executive and other senior figures at the company had talked about the potential fallout from its relationship with West as long as four years prior.It came after a report from Rolling Stone made claims over the treatment of employees at Yeezy, with some ex-staff alleging a “cult-like atmosphere” at the brand’s office.

Todd Spangler NY Digital Editor Snap took the wraps off new advertising initiatives at its 2023 NewFronts presentation for marketers in New York — including revealing a new test of sponsored links in My AI, which can deliver ads based on a user’s conversation with the chatbot. The company, which averaged 383 million daily active users in Q1, last month announced the rollout of the artificial intelligence-powered My AI chatbot to all Snapchat users. While it’s still early days, Snap says My AI has the potential to deliver more relevant content and experiences across the app — and execs told NewFronts attendees the company is experimenting with sponsored links in My AI.

Adidas shareholders have filed a class action lawsuit against the sportswear company in relation to the collapse last year of its partnership with Kanye West.They claim that bosses there were aware of the problematic behaviour of the firm’s long-term celebrity partner and therefore should have done more to mitigate the commercial impact of any controversy that would necessitate the axing of that partnership.West and Adidas had a long and very profitable alliance around the former’s Yeezy brand, but that came to an end last October in the wake of the rapper making a number of racist and antisemitic statements.At the time, the sportswear firm stated: “Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness”.“After a thorough review”, it went on, “the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products and stop all payments to Ye and his companies.

Prince Harry's visa is currently under scrutiny after a lawsuit was filed demanding the immediate publication of the duke's American visa records.

Logic has revealed his thoughts on Kanye West‘s controversial “White Lives Matter” t-shirts – dubbing the rapper a “fucking moron”.After making his catwalk debut at Balenciaga’s Paris Fashion Week show last year, West introduced his latest Yeezy line at his Yzy Season 9 event – sparking contoversy when he wore a longsleeve shirt with the words “White Lives Matter” emblazoned on the back.The phrase – an appropriation of the Black Lives Matter slogan used to protest racial injustice, discrimination and police brutality – has been adopted by white supremacist organisations in recent years, and has been categorised by the Anti-Defamation League as a hate slogan.Now, in a recent vlog post to his YouTube channel, Logic spoke out on the matter. After boasting about how “positive or negative” media attention makes him richer, he then himself to Ye’s questionable shirt design: “Only I’m not like evil, so I’m not out here spewing bullshit out of my mouth or wearing ‘White Lives Matter’ t-shirts or some dumb shit like that.

Kim Kardashian’s side of the story when it comes to her messy divorce from Kanye West. The Kardashians are returning to Hulu for season 3 of their reality show, and the official trailer shows a broken-down Kim in tears as she weeps over her split with the rapper.

Eva Green was awarded $1 million by a British court on Friday (April 28) for a movie that was never produced.